The Arizona Sentinel

December 10, 2009

Vindicated by Elizabeth Warren

Filed under: My Posts — thearizonasentinel @ 6:01 pm
 
This morning on Washington Journal Susan had Elizabeth Warren on her show, as her guest. Elizabeth is the Chairman the Congressional Oversight Panel on Tarp. If Americans want to see their tax dollars being spent properly they can look no further than Elizabeth Warren. For those of you that are interested you will be able to go to the C-Span web site tomorrow and view this mornings program,. I suggest you do that .

  

  

Three years ago I began writing about the calamity that was being caused by the mortgage industry,. Elizabeth this morning pointed out , what I was saying three years ago , before the collapse of the housing market and that was this. 
Mortgage companies were promoting home equity loans.. A terrible policy for a home owner to get involved with . Your equity in your home is a security blanket that you should never cloud with debt. Another issue that we became aware of , ( we opened a small mortgage branch office here in my home town). Was that Appraisers would call our office to see , what was the selling price on the contract . Instead of going out and doing an appraisal on the merits of the home , they would , without saying it,. Use the Contract to determine the appraisal. Our office or branch , lasted about 6 months because we would not give that information to the appraisers. The appraisers would call the Real Estate agent and complain, that we would not give them the contract price. So the Real Estate Agents, stopped sending borrowers to our office. So in short, Elizabeth, made our case, . That the originator of the housing bubble was not the government and the Community Reinvestment Act , although it had a lot to do with it,. It was the refinancing of homes with equities. It was the policies of loaning money to borrowers that already owned their homes. And then borrowed on the equity in those homes. Some of these borrowers would refinance every year or 18 months. Never looking down the road. Again , a terrible decision. Then mortgage companies found a way to underwrite unqualified, and unsuspecting borrowers and rip them off with backside fees, lending, and underwriting fees, hiding the fact that in two years the payments were going to go thru the roof. Real estate values were driven up due to greed, corruption and incompetence. 
Our government turned a blind eye to the problem , because Bush had gotten us in to a very expensive phony war. And they did not want to throw cold water on the phony housing bubble. 
This morning also ,. Elizabeth will be questioning this obama puppet , Geitner , hopefully under oath. In a hearing on the hill . We should be able to see that hearing replayed tonight on C-Span. It is my hope that she will ask the tough questions of Geitner. For example , why is he planning on extending the Tarp fiasco, and where has the 26% that has been spent gone, and what exactly does obama plan to do with the rest of it. (Buy votes, na, surely not). 

Now about the Obama speech this morning in Oslo. I wrote earlier that Obama would start a move to the right after the first of the year,. Well he started early than expected. This morning , he gave America and Americans credit for their efforts in world peace over the decades. Instead of apologizing for America he gave America praises. Was he being genuine, or was he starting the move back to the right to begin the fraud on the 2010 election? Or did someone else write his speech and he hadn’t had a chance to read it? I suspect the later. 

America, lets take advantage of Obama’s move to the right. Lets organize and prepare to take our country back in 2010. Lets not let Obama , mislead America again, like he did during the 08 presidential campaign. He will do everything he can over the next 10 months to deceive the American electorate. 

The next 10 months will give America and Americans an opportunity to take our country back,. We must seize this opportunity, by electing as many third-party Conservative Candidates as possible,. We must make certain that they are Conservative,.. We can not go into the last 2 years of a obama administration with the Republicrats in Charge. 

So regardless of where you are,. If you’re a Conservative Independent, or Libertarian. Get your feet wet. Step up and sign up. There are thousands of you out there that are Conservative Retirees, many of you are veterans. You have served your country once,. Lets do it again. Join me, I am running for Governor of Arizona. Commit to 2 to 4 years of Citizenry Government. Do it for your country, your kids and your grand kids. We must end the career politician. 

We need thousands of Citizens that will have the courage. To slash budgets, secure our borders, ports and International Terminals Seaports and Airports. 

We must create tax policy that drives investment and entrepreneurialism. We must end the social policies of entitlements and freebies. We need policy makers that support , using our natural and renewable resources. 

One of my competitors and a great American  in the Arizona Governors race has jumped on the Sucking Sound band wagon. I have said that if elected I will sign a bill that eliminates property taxes on primary residences. Whooooosh! I can already hear that Sucking Sound. My competition has suggested that we remove all income taxes from Arizonans over the age of 65. I would also sign that bill , but lets take it to the next logical step,. Lets follow the Texas, and Nevada lead and eliminate income taxes altogether. Is that a tornado I hear?  

We are seeing a mass exodus of wealth leaving Arizona . Why? Open Borders, crime, home Invasions, drug cartels killing one another in otherwise quite neighbor hoods. Then there are all these social programs funded by taxpayer dollars and when they run out of those dollars, the state borrows money to keep them running,.. Now who in their right mind would move to a state with those policies, and who would want to stay there. 

If your going to attract business and jobs,. Better think it thru. The current administration wants to bribe business’s to come here with tax benefits, but then wants to tell them , how much they must pay employees, and mandate that they cover 80 % of the health costs of all full-time employees,.. 

As a former employer, there isn’t anything about that, that flips my trigger. Sunshine or not. 

Obama in my mind is giving America an opportunity to recreate and jumpstart our country. He has shown us all his true agenda. So, we must as States exert our Constitutional powers. We must remove the stolen power of the people by those inside the beltway. We must redesign the way America works. We must redesign our Commerce, Industries, tax policy, military, currency, and our entire Governmental structure. Washington DC. as we all know is a failure. Free market principles will only work if the government gets out-of-the-way , . That means Federal, State , County , City and Local. Every level of Government that we exist under today , is driven by Federal Mandates, political activist Federal miss-guided judges, and corrupt politicians at every level of Government. County Commissioners have been bought off with trips to Washington, and expensive lunches on K Street. When we redesign the afore mentions bodies,. Mandatory Term limits must be a part of the system. (I will sign the bill). The policy of retirement plans and pensions , and life time of health care, must not be a benefit of public service. I will set the example. If elected I pledge to serve one 4 year term.  I will get it done in 4 years, then its back to baiting fish hooks for the grand kids. 

Bruce Olsen Candidate for Arizona Governor 2010 

 

 
 

  

  

  
 
 
 

 

 

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